While new bitcoin mining software is being developed every year, only a handful grabbed our attention due to their reputation, features, and ease of use. At the top of our list is CGMiner, which we chose as the best overall since its open-source platform can be used on any computer and practically any mining rig. Bitcoin mining software is essentially what makes Bitcoin work.
By tracking and securing transactions known as blockchains , users are able to earn bitcoins rather than having to pay for them with actual currency. Bitcoin mining software can only be used by specialized hardware that is powerful enough to run the complex calculations required to create new secure blocks. In general, it takes about 10 minutes to mine one bitcoin. However, this assumes an ideal hardware and software setup which few users can afford. A more reasonable estimate for most users who have large setups is 30 days to mine a single bitcoin.
Although bitcoin mining software is free, there are tremendous costs involved in both hardware and electricity costs. Mining equipment is also very power-hungry. The drawback is that each miner only receives a small portion of each mined bitcoin. We looked at close to a dozen bitcoin mining software for this review. At the top of our list was the oldest and most widely used software, which we analyzed for features and ease of use.
Next, we differentiated between the best mining software for novices and those for advanced power users. Mostly this broke down into the type of interface command-line versus GUI and ability to either automate or customize mining features. Finally, we looked for software that could be used on as many platforms as possible and that was compatible with the widest array of mining rigs to give users the most flexibility in their mining operations.
Business Wire. Your Money. Personal Finance. Your Practice. Popular Courses. Cons Better for advanced users Obscure command-line interface Hard to install on Windows 10 computers. Pros Graphical user interface Automated mining features Optimized for Windows computers. Pros Supports more than 25 mining engines Customized triggers and actions Access from any computer, tablet, or smartphone. Verdict While new bitcoin mining software is being developed every year, only a handful grabbed our attention due to their reputation, features, and ease of use.
Can You Mine Bitcoin for Free? Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Investopedia is part of the Dotdash publishing family. Limited distribution will severely hamper how much you get out of weaker hardware—not everyone can afford a high-end rig to perform this.
If you have the right capabilities for distribution, you can actually get a lot of small, individually-weak devices to work together as something resembling a supercomputer. Are you trying to supplement your revenue? Or, are you trying to capitalize on this concept on a more industrial level? Cryptocurrency mining software is usually free to install, although some apps do shave off hash solutions to pay their developers. Since mining applications are free, you can easily test out multiple different miners, and see how well they work with your equipment and how well they match your needs and required rates of success.
This is a technology field that has no right or wrong answers at the end of the day. Depending on what cryptocurrency you want to mine and what kind of equipment you have available, the ideal solution can vary quite wildly. Take some time to explore our resources, compare different cryptocurrency mining software, and find the right app for you.
Software Categories. Research Resources. Log In Create Account. It monitors your progress and provides statistics such as fan speed, hardware temperature, hashrate, and average speed. Whether you're an experienced miner or just getting started with Bitcoin mining, be sure to browse our resources, including a detailed buyer's guide, and check out our list of top platforms. Whether you're interested in cloud mining, joining a mining pool, or using another strategy, you'll find the resources you need to find the right mining app and maximize your profits.
Show less Read more. Refine Results. Launch the search. Type in the search field. See less See more. Unknown 0. Small 0. Desktop 0. Cryptocurrency Mining Software. Sort by rating popularity. MinerGate by MinerGate MinerGate is the first cryptocurrency mining software pool that supports merged mining. This means that users can mine for several different altcoins on MinerGate's pool without lowering their hashrate for major coins.
It was created by a group of cryptocurrency enthusiasts who wanted to mine altcoins without sacrificing the ability to mine for BTC tokens. They've pooled remote resources together to build a hybrid cloud mining pool delivering high hashrates. Cryptocurrency Mining. Electroneum by Electroneum If you want to put your equipment to work, Electroneum might be a good cryptocurrency mining solution for your business. Your business machine may not have the best GPU for mining, but you can still get a good bit out of some of the more intuitive cryptocurrency mining software out there, which is designed to be more forgiving.
Genesis Mining by Genesis Mining Genesis Mining is a cryptocurrency mining software that was developed to provide an effortless way to mine alternative currencies. Given the versatility of the platform, those who may have no prior experience are just as welcome as those who are mining experts. HashFlare by HashFlare HashFlare is a piece of cryptocurrency mining software that lets you view all mining-related statistics in real-time.
Users are given the freedom to decide which blockchain mining pools they want their hashrate to engage with. This means you'll always be able to find the most profitable combination regardless of market conditions. Built-in analytics will tell you whether you've made the right call. WinMiner by WinMiner WinMiner is an easy-to-use cryptocurrency mining software that is simple enough to introduce business owners to crypto mining in a digital world. MultipoolMiner by MultipoolMiner MultipoolMiner is cryptocurrency mining software for a modern, fast-paced world.
New features are added democratically. This Windows-based cryptocurrency software leverages public information from WhatToMine. The goal is to let users know what the most profitable mining operation is at any given time. You have chosen a TEC prefered product. Let us redirect you to the TEC profile page for this product where we can serve you better. You will receive an in-depth analysis and opportunity for a comparison that depicts the specific needs of your company.
Common Features of Crypto Mining Software Your typical Bitcoin or altcoin mining app will support a multitude of mining approaches. What to Look For First, know what unit of currency you actually want to mine.
Finding the Best Crypto Mining System This is a technology field that has no right or wrong answers at the end of the day.
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